Sep 13, 2019

Walmart's new grocery subscription plan takes another swipe at Amazon

Photo: George Frey/Getty Images

Walmart is unveiling a grocery delivery subscription service this fall, AP reports.

Why it matters: The big box store is hoping to boost its constituency of time-starved shoppers looking for convenience, and attempting to move strongly into one of the fastest growing e-commerce sectors.

  • Walmart's stock gained nearly 1% on Thursday, having recently touched a record high, as investors have gotten more bullish on the largest U.S. retailer in recent weeks.
  • With more positive trade war headlines helping push the overall market higher, investors are game to buy Walmart's latest challenge to Amazon.

Details:

  • The service will charge an annual membership fee of $98 for subscribers to choose unlimited same-day delivery.
  • That price is $21 less than the cost of Amazon Prime.
  • The grocery services will be fulfilled by local stores and require a minimum order of $30. With same-day delivery, there’s a 4-hour minimum wait time between placing an order and having it delivered, AP reports.

Go deeper: Retailers are getting into the media and advertising businesses

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Walmart is winning the antitrust wars

Illustration: Aïda Amer/Axios

At a moment when regulators, politicians and consumers are railing against companies getting too big, one behemoth has been growing under the radar: Walmart.

The big picture: Walmart already had its turn as the corporate villain in the 1980s. Now, as tech companies bear the brunt of the scrutiny, the retail giant is amassing wealth — earning $514.4 billion in revenue, the most of any company on Earth, in 2018.

Go deeperArrowOct 9, 2019

Poll: Almost half of holiday toy purchases will be made online

Adapted from CivicScience; Chart: Axios Visuals

A recent poll of more than 1,200 adults who plan to buy toys this holiday found that almost half of those purchases will be made at online-only retailers like Amazon.

By the numbers: A little more than 40% of respondents said their shopping will be done inside stores, either at a big box retailer like Target and Walmart or at a specialty toy store.

Go deeperArrowOct 1, 2019

What's next for Walmart's employer-provided health benefits

Photo: Frederic J. Brown/AFP/Getty Images

Walmart is expanding its unique employee health benefit.

Why it matters: Walmart is the largest private-sector employer in the country, and it has taken a remarkably hands-on approach to seeking out quality in its health coverage — even when that comes at a considerable cost.

Go deeperArrowOct 3, 2019